Gap Inc. has announced the purchase of Janie and Jack, a leader in premium children’s fashion, from Gymboree Group Inc. Janie and Jack is operating more than 100 retail stores in the US along with an e-commerce site offering apparel of outstanding quality. Janie and Jack will continue to operate as a standalone brand based in San Francisco. The transaction was completed on March 4, 2019, with Gap Inc. purchasing Janie and Jack for approximately $35 mn with an additional agreement to purchase the Janie and Jack inventory at cost plus additional fees and expenses.